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Acquisition (Tables)
9 Months Ended
Sep. 30, 2021
Business Combinations [Abstract]  
Summary of Aggregate Fair Values of Assets Acquired

The following summarizes the aggregate fair values of the assets acquired as part of the CR Brands Acquisition:

 

Inventories

$

1,279

 

Intangible assets

 

7,235

 

Goodwill

 

2,050

 

Total assets acquired

$

10,564

 

Summary of Intangible Assets

Intangible assets for the CR Brands Acquisition consist of the following:

 

 

Intangible Assets

 

 

Useful Life

 

Customer relationships

$

4,500

 

 

 

9 years

 

Trade names

 

1,780

 

 

 

20 years

 

Formulas and batching processes

 

930

 

 

 

8 years

 

Non-compete

 

25

 

 

 

5 years

 

 

$

7,235

 

 

 

 

 

Summary of Selected Unaudited Pro Forma Condensed Consolidated Statements of Operations

The following tables summarize selected unaudited pro forma condensed consolidated statements of operations data for the nine months ended September 30, 2020, as if the CR Brands Acquisition had been completed on January 1, 2020.

 

 

 

 

Nine Months Ended September 30, 2020

 

Net sales

 

 

$

26,471

 

Net income

 

 

 

57